by 
This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
TW Star Bot
This MetaTrader 4 expert advisor implements an automated trading strategy based on a combination of technical indicators, including the Relative Strength Index, Moving Averages, and MACD.
GitHub stars2
Forks0
Last update9 years ago8 Aug 2017
LicenceNone stated
Overview
The bot evaluates price action against these indicators to determine trade entries. It manages active positions using a fixed lot size and a built-in trailing stop feature designed to protect gains. Users can configure parameters for moving average periods, slippage, and magic numbers. Documentation is extremely limited as the README contains only the project title, requiring users to review the source code for logic.
- Integrated RSI and MACD signal processing
- Moving average trend filters
- Automated trailing stop loss adjustment
- Configurable magic number for order management
Details
Author
TradingWizards on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, Indicator crossover
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from twstar_v2.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MA_Period | int | 20 | |
Lots | double | 1.0 | |
MagicNumber | int | 12348 | |
Slippage | int | 3 | |
ShowBars | int | 500 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone TradingWizards/BotV1 from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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